November 22, 2008

Godawari Power inks MoU with Chhattisgarh for cement plant

It is reported that Godawari Power & Ispat Limited has signed a MoU with Chhattisgarh government for setting up of a cement plant comprising of 2 million tonnes per annum capacity of cement and 1 million tonnes per annum capacity of clinker along with power plant of 50 MW capacity. The total cost of the project is envisaged at INR 628 crores.

The project shall be implemented through a special purpose vehicle to be incorporated in due course after allotment of limestone mines by the state government.